Cost of operating a forklifts
Updated: Dec 8, 2020
Forklifts are critical equipment for day to day operation for most companies. They also represent a large upfront investments for businesses. We at Red Forklifts pride ourselfs for being able to provide the most suitable and affordable equipment for your needs. Being a SME, we understand the need to reduce cost in order to stay competitive. Whether you are looking to purchase a fleet or for short term rental we will be able to support your requirements.
For short-term needs and small one-off projects, renting can provide a quick solution for materials
handling issues that come up occasionally, or run on a predictable schedule.
-Advantageous for small businesses without immediate liquidity to purchase
-Can be cost-effective for short- to medium-term usage
-Choose from a variety of lifts and material handling solutions depending on the project
-Maintenance and upkeep is someone else’s problem
-Requires advanced planning and scheduling
-Some potential for unexpected costs can be incurred if projects take longer than expected
-Learning curve for operators on new or unfamiliar equipment with each job
Buying Used or New Forklifts
Depending on your business model, buying new or used forklifts can make a tremendous impact on your overall efficiency and the effectiveness of your materials handling process. For example, owning a forklift might make sense for your business if you consistently have large material handling needs and can afford to properly service and maintain a forklift.
-Advantageous for large businesses with consistent need
-Ready on call, which can provide more flexibility and efficiency
-Superficial exterior damage won’t affect your costs
-Set pricing that can be easily budgeted
-Operators have experience with consistent equipment
-Requires large upfront capital investment
-Equipment depreciates and requires regular maintenance and investment
-Less access to the latest technology and models
-Projects at multiple sites require planning and transportation costs
Visit Our Website www.redforklifts.com.sg